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Buyers' confidence hit by political climate.
Byline: Kanana Katharangsiporn
Mar. 2--Political uncertainties will delay homebuyers' decisions and affect the country's GDP growth due to the postponement of megaprojects, according to Naporn Soontornjitcharoen, senior vice-president of Land & Houses Plc (LH).
"Amid this political climate, everyone waits and sees," he said. "Homebuyers want to be confident in their future income, while developers are watching homebuyers' confidence, which is affected by current politics."
LH, a property developer, plans to launch 13 new projects worth a combined 26.6 billion baht in 2006. Two of them will be townhouse projects located on Lad Phrao 71 and Rama ...
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Source: HighBeam Research, Buyers' confidence hit by political climate.